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12268
Federal Register / Vol. 82, No. 39 / Wednesday, March 1, 2017 / Notices
in the Order Instituting Proceedings.41
Comments may be submitted by any of
the following methods:
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
[Release No. 34–80094; File No. SR–
NYSEARCA–2016–176]
• Use the Commission’s Internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NYSEARCA–2016–101 in the subject
line.
Paper Comments
asabaliauskas on DSK3SPTVN1PROD with NOTICES
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSEARCA–2016–101.
This file number should be included in
the subject line if email is used. To help
the Commission process and review
your comments more efficiently, please
use only one method. The Commission
will post all comments on the
Commission’s Internet Web site (http://
www.sec.gov/rules/sro.shtml). Copies of
the submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing will also be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–
NYSEARCA–2016–101 and should be
submitted on or before March 16, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.42
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–03983 Filed 2–28–17; 8:45 am]
41 See Order Instituting Proceedings, supra note 6,
at 76402.
42 17 CFR 200.30–3(a)(12).
18:09 Feb 28, 2017
Jkt 241001
February 23, 2017.
On December 30, 2016, NYSE Arca,
Inc. filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3 a
proposed rule change to list and trade
shares of EtherIndex Ether Trust under
NYSE Arca Equities Rule 8.201. The
proposed rule change was published for
comment in the Federal Register on
January 23, 2017.4
Section 19(b)(2) of the Act 5 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is March 9, 2017.
The Commission is extending this 45day time period.
The Commission finds it appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,6
designates April 23, 2017, as the date by
which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSEARCA–2016–176).
1 15
U.S.C.78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
4 See Securities Exchange Act Release No. 79792
(Jan. 13, 2017), 82 FR 7891 (Jan. 23, 2017).
5 15 U.S.C. 78s(b)(2).
6 Id.
2 15
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Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proposed Rule Change Relating to
the Listing and Trading of Shares of
the EtherIndex Ether Trust Under
NYSE Arca Equities Rule 8.201
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–03909 Filed 2–28–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release Nos. 33–10312; 34–80096]
Securities and Exchange Commission
Evidence Summit
Securities and Exchange
Commission.
ACTION: Notice of conference.
AGENCY:
The Securities and Exchange
Commission’s Office of the Investor
Advocate will host a public conference,
characterized as an ‘‘Evidence Summit,’’
to discuss, among other things, potential
strategies for enhancing retail investors’
understanding of key investment
characteristics such as fees, risks,
returns, and conflicts of interest. An
objective of the conference is to marshal
research from the fields of economics
and cognitive sciences to help inform
ways of thinking about investor
behavior and identify areas for possible
future research to be conducted under
the auspices of an investor research
initiative led by the Commission’s
Office of the Investor Advocate.
DATES: The conference will be held on
Friday, March 10, 2017 from 9:30 a.m.
until 4:30 p.m. (ET).
ADDRESSES: The conference will be held
in the Auditorium, Room L–002 at the
Commission’s headquarters, 100 F
Street NE., Washington, DC 20549. The
conference will be webcast on the
Commission’s Web site at www.sec.gov.
FOR FURTHER INFORMATION CONTACT: Dr.
Brian Scholl, Principal Economic
Advisor and Senior Economist, Office of
the Investor Advocate, at (202) 551–
3302, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549.
SUPPLEMENTARY INFORMATION: The
conference will be open to the public,
except for that portion of the conference
reserved for a nonpublic networking
session for panelists during lunch.
Persons needing special
accommodations to take part because of
a disability should notify the contact
person listed in the section above
entitled FOR FURTHER INFORMATION
CONTACT.
The agenda for the conference
includes: Opening remarks by Acting
SUMMARY:
7 17
CFR 200.30–3(a)(31).
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Federal Register / Vol. 82, No. 39 / Wednesday, March 1, 2017 / Notices
Chairman Michael S. Piwowar; plenary
remarks by panelists Brigitte Madrian
and Terry Odean; a panel discussion
exploring how investors think and act;
a keynote address by panelist George
Lowenstein; a panel discussion
addressing ways in which the
Commission’s disclosure regime can
facilitate disclosure in the most effective
manner for a wide variety of users;
remarks from Commissioner Kara M.
Stein; a panel discussion regarding ways
in which to improve the disclosure of
fees, strategies/risks, and performance;
and a nonpublic networking session for
panelists during lunch.
Dated: February 24, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017–03945 Filed 2–28–17; 8:45 am]
BILLING CODE 8011–01–P
[Release No. 34–80100; File No. SR–ISE–
2017–15]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change To Delay Directed Orders
February 24, 2017.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on February
23, 2017, the International Securities
Exchange, LLC (‘‘ISE’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to delay the
implementation of the Directed Orders 3
functionality on ISE.
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 ISE currently operates a Directed Orders system
in which Electronic Access Members (‘‘EAMs’’) can
send an order to a DMM for possible price
improvement. If a DMM accepts Directed Orders
generally, that DMM must accept all Directed
Orders from all EAMs. Once such a DMM receives
a Directed Order, it either (i) must enter the order
into the Exchange’s PIM auction and guarantee its
execution at a price better than the ISE best bid or
offer (‘‘ISE BBO’’) by at least a penny and equal to
or better than the NBBO or (ii) must release the
order into the Exchange’s limit order book, in
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2 17
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18:09 Feb 28, 2017
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II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
1 15
The text of the proposed rule change
is available on the Exchange’s Web site
at www.ise.com, at the principal office
of the Exchange, and at the
Commission’s Public Reference Room.
1. Purpose
The Exchange proposes to delay the
implementation of the Directed Orders
functionality in ISE Rule 811. The
Exchange proposes to no longer offer the
functionality as of February 24, 2017.
The Exchange has notified Members
that the functionality will no longer be
available by issuing a Market
Information Circular. The Exchange
proposes to launch this functionality
within one year from the date of filing
of this rule change to be announced in
a separate notice.4 The Exchange notes
that ISE Gemini functionality is also
similarly being turned off on February
24, 2017.5
The Exchange desires to turn off this
functionality at this time and rollout
this functionality at a later date in light
of the upcoming migration to the new
INET platform. The Exchange is staging
the replatform to provide maximum
benefit to its Members while also
ensuring a successful rollout. This delay
will provide the Exchange additional
time to test and implement this
functionality. The Exchange notes that
no market participant would be
impacted by the delay in
implementation as no participants
currently utilize this feature on ISE
which case there are certain restrictions on the
DMM interacting with the order. See ISE Rule 811.
4 The separate notice will be an Options Trader
Alert.
5 See Securities Exchange Act Release No. 80011
(February 10, 2017), 82 FR 10927 (SR–ISEGemini2016–17) (Order Approving Proposed Rule Change,
as Modified by Amendment Nos. 1 and 2, To
Amend Various Rules in Connection With a System
Migration to Nasdaq INET Technology).
PO 00000
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Sfmt 4703
12269
because no market participant has
utilized the Directed Orders
functionality in the last thirteen months.
The Exchange will introduce the
Directed Orders functionality on ISE
within one year from the date of this
filing, otherwise the Exchange will file
a rule proposal with the Commission to
remove these rules.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,6 in general, and furthers the
objectives of Section 6(b)(5) of the Act,7
in particular, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest
because the Exchange desires to rollout
this functionality at a later date to allow
additional time to rebuild this
technology on the new platform. By
turning off the functionality on February
24, 2017, this will provide the Exchange
additional time to test and implement
this functionality, which is not being
amended. The Exchange believes that
Members have been given adequate
notice of the implementation dates. The
Exchange notes that Members are aware
of the Exchange’s efforts to replatform to
the INET technology and no Member is
using the Directed Orders functionality.
The Exchange will continue to provide
notifications to Members to ensure
clarity about the availability of this
functionality. The Exchange will note
the applicable dates within the rule text
as to the availability of this
functionality.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
Exchange does not believe that the
proposed rule change will impact the
intense competition that exists in the
options market. No market participant
will be impacted by turning off this
functionality and delaying its
implementation as no participants
currently utilize this feature on ISE. The
Exchange plans to offer the functionality
after a period of delay.
6 15
7 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
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Agencies

[Federal Register Volume 82, Number 39 (Wednesday, March 1, 2017)]
[Notices]
[Pages 12268-12269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03945]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-10312; 34-80096]
Securities and Exchange Commission Evidence Summit
AGENCY: Securities and Exchange Commission.
ACTION: Notice of conference.
-----------------------------------------------------------------------
SUMMARY: The Securities and Exchange Commission's Office of the
Investor Advocate will host a public conference, characterized as an
``Evidence Summit,'' to discuss, among other things, potential
strategies for enhancing retail investors' understanding of key
investment characteristics such as fees, risks, returns, and conflicts
of interest. An objective of the conference is to marshal research from
the fields of economics and cognitive sciences to help inform ways of
thinking about investor behavior and identify areas for possible future
research to be conducted under the auspices of an investor research
initiative led by the Commission's Office of the Investor Advocate.
DATES: The conference will be held on Friday, March 10, 2017 from 9:30
a.m. until 4:30 p.m. (ET).
ADDRESSES: The conference will be held in the Auditorium, Room L-002 at
the Commission's headquarters, 100 F Street NE., Washington, DC 20549.
The conference will be webcast on the Commission's Web site at
www.sec.gov.
FOR FURTHER INFORMATION CONTACT: Dr. Brian Scholl, Principal Economic
Advisor and Senior Economist, Office of the Investor Advocate, at (202)
551-3302, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549.
SUPPLEMENTARY INFORMATION: The conference will be open to the public,
except for that portion of the conference reserved for a nonpublic
networking session for panelists during lunch. Persons needing special
accommodations to take part because of a disability should notify the
contact person listed in the section above entitled FOR FURTHER
INFORMATION CONTACT.
The agenda for the conference includes: Opening remarks by Acting
[[Page 12269]]
Chairman Michael S. Piwowar; plenary remarks by panelists Brigitte
Madrian and Terry Odean; a panel discussion exploring how investors
think and act; a keynote address by panelist George Lowenstein; a panel
discussion addressing ways in which the Commission's disclosure regime
can facilitate disclosure in the most effective manner for a wide
variety of users; remarks from Commissioner Kara M. Stein; a panel
discussion regarding ways in which to improve the disclosure of fees,
strategies/risks, and performance; and a nonpublic networking session
for panelists during lunch.
Dated: February 24, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-03945 Filed 2-28-17; 8:45 am]
BILLING CODE 8011-01-P